Latest Drilling News

GoldArc Resources has responded to ASX inquiries about recent unusual trading activity, attributing it to early-stage mining discussions and anticipation of assay results from its Leonora South Gold Project.

GoldArc Resources has unveiled strong assay results from its Leonora South drilling program, confirming a robust gold system at Eclipse and Challenge prospects with high-grade, near-surface mineralisation. The company is now targeting a maiden Mineral Resource Estimate and further drilling to expand the resource.

Summit Minerals Limited has announced a fully underwritten entitlement offer to raise approximately $1.08 million, aimed at advancing its Brazilian exploration projects and funding potential acquisitions. The offer, priced at $0.03 per share, is open to Australian and New Zealand shareholders and is expected to dilute non-participating shareholders by about 25%.

Askari Metals has announced a $1.5 million rights issue to fund a maiden drilling campaign at its Nejo Gold and Copper Project in Ethiopia, aiming to unlock significant value in a promising underexplored region.

Nordic Resources has raised A$1.75 million through a strategic placement with Australian resource funds to advance exploration and development of its Finnish gold projects, including the sizeable Kopsa deposit.

Eclipse Metals has commenced mobilisation for its 2025 diamond drilling program at the Grønnedal Rare Earths Carbonatite Complex in Greenland, aiming to expand a significant rare earth mineral resource rich in critical magnet metals.

Xenora Minerals has successfully raised $2.1 million through a two-tranche placement to fund ongoing exploration at its Dudley Lithium Project in South Australia, positioning the company with a strong cash balance heading into the final quarter of 2025.

Kuniko Limited has completed the earn-in agreement to acquire up to 70% of the Commonwealth Gold-Silver Project in NSW’s Lachlan Fold Belt, with drilling set to commence soon. This milestone expands Kuniko’s portfolio of strategic minerals critical to the energy transition.

Locksley Resources has gained critical regulatory approval and secured contractors to advance its Mojave Project, accelerating exploration of antimony and rare earth elements in California.

Infini Resources has identified visible uraninite at its Reitenbach Lake project and confirmed widespread radiometric anomalies at Reynolds Lake, advancing its uranium exploration in Saskatchewan. Assay results expected in Q4 2025 will guide a potential drilling campaign in 2026.

Investigator Resources has secured $10 million through a strategic placement to accelerate development and exploration of its flagship Paris Silver Project, aiming to bring forward silver production and expand drilling across key targets.

Iltani Resources reports strong assay results from its latest Orient East drilling, confirming high-grade silver-indium mineralisation and initiating a new VTEM drilling campaign to explore additional shallow targets.